Romania signs a contract with Azerbaidjan and Georgia

13/04/2010 10:33 Natural Gas

news

On April 13, a new deal was signed between Romania, Georgia and Azerbaijan. This one represents another way to supply the European Union with gas through a project that could be finalized faster than the project proposed by Brussels, named Nabucco.

Romania, one of the six partner states, is the country that wants to sustain and to offer Europe a backup in order to reduce energy dependence on Russia by transporting gas from the Caspian and Middle East, it is like being a waiting answer to South Stream project. AGRI is the name of the new project, having as purpose building two new terminals, one in Georgia and another in Port of the Black Sea Constanta in Romania, for transporting the liquefied gas. According to some Romanian officials, the cost of the project is estimated at 2-4 billion euros, and it will be able to transport up to 7 billion cubic meters of gas. This project is considered the most efficient one concerning the transportation of the Caspian gas to Europe. This AGRI pipeline could be ready for gas transportation sooner than Nabucco, but still it is "complementary" to the EU-backed Nabucco pipeline. Officials of this agreement decided to establish an office in Bucharest that will make feasibility studies. According to them, a private financial sustain will be needed, despite the contributions of the partner countries, so that the pipeline should be ready in 3 years.

Statkraft scores 660MW Brazil double

11/10/2019 09:38:00

Norwegian energy company Statkraft has acquired two wind farms at an advanced stage of development in Brazil with a combined capacity of about 660MW.

<READ MORE

Total wins new deep offshore block in Brazil

11/10/2019 09:36:00

French Total and its co-venturers Qatar Petroleum and Petronas have won the C-M-541 deep offshore block in the 16th Bidding Round held by Brazil’s National Petroleum Agency (ANP).

READ MORE

20 Fossil Fuel Companies Generate One Third Of All Global Emissions

10/10/2019 16:26:00

New data compiled by the United States-based Climate Accountability Institute and revealed by the Guardian confirms what many already know: at the core of the climate crisis is the fossil fuel industry. The crucial finding from the analysis is that 20 oil, gas and coal companies can be directly linked to over one third of all energy industry greenhouse gases in modern history. Despite knowing the destruction and dangers their activities pose to our planet and people, fossil fuel companies have been driving climate change and hold the key to avoiding impending disaster. What this points to is the urgent need for divestment, in spite of skepticism amongst some leaders.

READ MORE